Ethena (ENA) has fallen below the critical $0.6150 support level, heightening bearish sentiment in the market. The cryptocurrency is currently trading at $0.6069, marking a 1.26% decline over the past 24 hours. Analysts are closely watching the $0.5650 and $0.5200 support levels as potential next targets.
The token remains under its main descending trendline, which continues to hinder short-term recovery prospects. Ethena's market capitalization is $4.18 billion, while its 24-hour trading volume has decreased by 27.37% to $362.5 million, reflecting reduced market activity.
Ethena (ENA) Slips Below Key Support, Eyes $0.5650 and $0.5200 Levels
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